Best Method to Receive Crypto Payment with the Lowest Fees?

[gym rat]

I was successful with a USDT withdrawal on Betonline. I went to replicate with BetNow and CB gives me the exact same addresss that I just gave to Betonline. Is this how it works for receiving USDT ? You just get one address that multiple senders can use to send on ?

[raiders72001]

They shouldn't. There is no gain or loss since it's pegged 1 to 1 with US dollar but always best to ask your accountant.

[gym rat]

I have one other question , If I receive the USDT for example from book to my Coinbase account. Then transfer to my bank account. Does coinbase report this as gains with tax docs ?

[gym rat]

Well I appreciate all the info Raiderz on the USDT. I think I will try USDT withdrawals and see how it works out.

[Optional]

Opti did

Nope.

You added the word never to try and BS your way into continuing arguing.

And do you really need to ask what I think should be done? Simplify it obviously. That was the point of the post you Karened out to.

[raiders72001]

it's not a big deal. You are right. Have a good day.

You too.

[DegenerateBeast]

Of course people are going to fire back when you say such a silly take or laugh. Optional has been posting about crypto for almost 10 years. He knows what he's talking about. At the same time there are all levels of crypto people here and sometimes you talk to the masses.

It's not that big a deal. I was just pointing out that people in the crypto section discuss things instead of attack. That goes on upstairs.

it's not a big deal. You are right. Have a good day.

[DegenerateBeast]

I never said that.

Opti did

[raiders72001]

i literally did that. I said what a garbage take.

The silly name-calling started with his reply.

Of course people are going to fire back when you say such a silly take or laugh. Optional has been posting about crypto for almost 10 years. He knows what he's talking about. At the same time there are all levels of crypto people here and sometimes you talk to the masses.

It's not that big a deal. I was just pointing out that people in the crypto section discuss things instead of attack. That goes on upstairs.

[DegenerateBeast]

It's best just to attack the post, not the poster. Disagreeing is fine but no need to degrade any poster. It takes the discussion down the wrong path.

i literally did that. I said what a garbage take.

The silly name-calling started with his reply.

[raiders72001]

So like I said, almost never a problem. Certainly not a BIG reason why crypto will never go mainstream." lul

I never said that.

[DegenerateBeast]

You won't have a problem with modern wallets. With older wallets BTC can be sent to a BCH address and if an exchange owns the keys to the BCH address, a problem could occur.

So like I said, almost never a problem. Certainly not a BIG reason why crypto will never go mainstream." lul

[raiders72001]

By calling out his take? Nothing personal or ad-hominem about it. I have just seen FUD spread about Bitcoin for a long time.

It's best just to attack the post, not the poster. Disagreeing is fine but no need to degrade any poster. It takes the discussion down the wrong path.

[DegenerateBeast]

You're just a bloody idiot tough guy who is too stupid to see the patently obvious stuff. Spend more time on your Telegram shill groups all stroking each other and less time with thoughtful reasonable users if you don't want to be triggered like you are here eh.

lmaooooo "tough guy"?? Wth are you on about? What does "tough" have to do with anything. You are PROJECTING. Wow lol

And if it is "patently obvious", explain how you'd fix it.

I don't use shit Telegram bc I know wtf I am doing. What a clown.

[raiders72001]

With Bitcoin being the most prevalent Crypto used for book withdraws, I really haven't heard much although I haven't been looking either of people losing their bitcoin because it was sent on wrong chain. Does Bitcoin also have all these block chains as well ? Or is it just way more common for bitcoin to be on a mainstream chain ?

You won't have a problem with modern wallets. With older wallets BTC can be sent to a BCH address and if an exchange owns the keys to the BCH address, a problem could occur.

[DegenerateBeast]

By calling out his take? Nothing personal or ad-hominem about it. I have just seen FUD spread about Bitcoin for a long time.

[Optional]

Now, you can send to a wrong address or wrong recipient. But you always copy/paste addresses so this should never really be an issue, either. Always check the last 4-5 digits to make sure they match what you copied and pasted, though. There is clipboard malware out there that will quietly swap copied crypto addresses with others controlled by the hacker. It is rare but always check your addresses as a habit, anyway.

It's not an issue for you and me who know about these things. But mainstream users. Mom and pop type users. Read that explanation about losing their funds if sent to the wrong chain and it's enough to say no thanks, I don't understand this crazy stuff.

Mainstream = anyone feels comfortable using it, the way I meant it.

You're just a bloody idiot tough guy who is too stupid to see the patently obvious stuff. Spend more time on your Telegram shill groups all stroking each other and less time with thoughtful reasonable users if you don't want to be triggered like you are here eh.

[raiders72001]

Wth does that mean? Lolol Do you think you know me, clown? Who is hiding??

You attacked other posters. Go upstairs or just post like a normal person here. Adults only section.

[DegenerateBeast]

Don't come in here hiding under a new name and act like a clown. At least man up and use a real handle.

Wth does that mean? Lolol Do you think you know me? Who is hiding??

I created this acct a few months ago to come bitch about Nitrogensports. DegenerateBeast has long been my username across many crypto platforms, etc. I'm a retired OTC trader from Localbitcoins, Paxful, Bitquick and the like.

[DegenerateBeast]

Now, you can send to a wrong address or wrong recipient. But you always copy/paste addresses so this should never really be an issue, either. Always check the last 4-5 digits to make sure they match what you copied and pasted, though. There is clipboard malware out there that will quietly swap copied crypto addresses with others controlled by the hacker. It is rare but always check your addresses as a habit, anyway.

[raiders72001]

lmaoooooo What a garbage take.

First of all, crypto already is mainstream. If you mean that Bitcoin will never overtake the dollar as the world reserve currency or even be used for most personal transactions, that nobody can say. But you clearly do not understand it very well to be making such bold, matter-of-fact claims that it won't.

For one, there has long been a war on cash. Bitcoin is insurance against its almost inevitable demise. States are already limiting how much friggin cash can be used in a person to person transaction! In Louisiana for instance, anything sold for ~$300 or more cash between private parties is a criminal act.

And "ridiculous design", huh? Please, regale us with how you, oh wise one, would improve the design of any crypto. Tell us how you know more than the thousands of intelligent minds who have publicly contributed the various projects. How pray-tell would Opti improve crypto and why don't you? If it's so ridiculous, surely the solution is simple.

And the dangers of sending the wrong crypto on the wrong chain are vastly overblown. The issue was rendered moot many, many years ago and these days, yourwallet will not allow such a thing to happen. The address would be different and the wallet can see this. It won't allow you to send funds to a mismatched address.

As for "nerds have control", Bitcoin (and most of the copycat shitcoins such as Ethereum, Litecoin, etc) is open source. Literally everybody controls it. Anybody who wants to contribute, can. But a majority of the other users have to accept your contribution. And there are more ways to be a part of this public control mechanism than just coding.

Bitcoin has done nothing but flourish for +13yrs. We're at +$100K and when it hits $1MM, you'll still no doubt be deriding it. If you can't see that the financial status quo is unfair by design - if you don't understand the importance of "be your own bank" - if you choose to ignore a burgeoning financial anarchy the likes of which the world has never seen before...that's your prerogative. Stay salty.

Don't come in here hiding under a new name and act like a clown. At least man up and use a real handle.

[DegenerateBeast]

You are misunderstanding.

Bitcoin runs on what is known as a blockchain. It's own register system that tracks everything. Other cryptos run on their own chains. If you try to send Ethereum to a Bitcoin address, it WILL NOT WORK IN THE FIRST PLACE. The addresses will not match and your wallet will give you an error. So no, this is not typically a problem.

[gym rat]

With Bitcoin being the most prevalent Crypto used for book withdraws, I really haven't heard much although I haven't been looking either of people losing their bitcoin because it was sent on wrong chain. Does Bitcoin also have all these block chains as well ? Or is it just way more common for bitcoin to be on a mainstream chain ?

[DegenerateBeast]

This is a BIG part of the reason crypto just won't go mainstream.

Ridiculous design and issues like this when the tech nerds have control.



Do you know about the Frozen Ethereum (ETH) scam Raiders?

lmaoooooo What a garbage take.

First of all, crypto already is mainstream. If you mean that Bitcoin will never overtake the dollar as the world reserve currency or even be used for most personal transactions, that nobody can say. But you clearly do not understand it very well to be making such bold, matter-of-fact claims that it won't.

For one, there has long been a war on cash. Bitcoin is insurance against its almost inevitable demise. States are already limiting how much friggin cash can be used in a person to person transaction! In Louisiana for instance, anything sold for ~$300 or more cash between private parties is a criminal act.

And "ridiculous design", huh? Please, regale us with how you, oh wise one, would improve the design of any crypto. Tell us how you know more than the thousands of intelligent minds who have publicly contributed the various projects. How pray-tell would Opti improve crypto and why don't you? If it's so ridiculous, surely the solution is simple.

And the dangers of sending the wrong crypto on the wrong chain are vastly overblown. The issue was rendered moot many, many years ago and these days, yourwallet will not allow such a thing to happen. The address would be different and the wallet can see this. It won't allow you to send funds to a mismatched address.

As for "nerds have control", Bitcoin (and most of the copycat shitcoins such as Ethereum, Litecoin, etc) is open source. Literally everybody controls it. Anybody who wants to contribute, can. But a majority of the other users have to accept your contribution. And there are more ways to be a part of this public control mechanism than just coding.

Bitcoin has done nothing but flourish for +13yrs. We're at +$100K and when it hits $1MM, you'll still no doubt be deriding it. If you can't see that the financial status quo is unfair by design - if you don't understand the importance of "be your own bank" - if you choose to ignore a burgeoning financial anarchy the likes of which the world has never seen before...that's your prerogative. Stay salty.

[Optional]

My mother has been caught a couple of times too, but the bank has helped her out each time.

Scammer caught out a guy for 58K worth of ETH. Setup a wallet with a fake coin called Frozen Etherium in it and convinced guy it was his balance frozen by the wallet. Got the guy to reveal his seed phrase and you can guess the rest.

Poor dude has been sweating on anyone to help him unfreeze that balance for over a year. He was almost relieved when I explained and he could stop hoping. :\

[raiders72001]

This is a BIG part of the reason crypto just won't go mainstream.

Ridiculous design and issues like this when the tech nerds have control.



Do you know about the Frozen Ethereum (ETH) scam Raiders?

I kind of hope every badly designed, scammer friendly, crypto gets banned or attacked by Trump. Crypto in general would be better off right now without this dumb/irresponsible stuff.



BTW, DSI is probably one of the books that will screw you on the withdraw conversion rate.

Yep, don't know how these scammers live with themselves but it's not just crypto..

[Optional]

That seems crazy that the crypto is lost if it is sent on the wrong Tether chain for example. That is what really scares me about this crypto.

This is a BIG part of the reason crypto just won't go mainstream.

Ridiculous design and issues like this when the tech nerds have control.



Do you know about the Frozen Ethereum (ETH) scam Raiders?

I kind of hope every badly designed, scammer friendly, crypto gets banned or attacked by Trump. Crypto in general would be better off right now without this dumb/irresponsible stuff.



BTW, DSI is probably one of the books that will screw you on the withdraw conversion rate.

[gym rat]

I took a quick look. Tether is USDT so you may be able to withdraw USDT from BetNOW. For DSI if you want a crypto withdrawal it will be in BTC and they charge $10. So it looks like

BetNow- withdraw in USDT if available, if not BTC.
DSI - withdraw in BTC for $10 fee.

To give a little background on chains. There are different chains such as Ethereum, Solana, Cardano. On each chain, there are tokens built on them.

Ethereum - some tokens built on ETH are SHIB, FLOKI, LINK
Solana - BONK, WIF

USDT is on many different chains. If someone sends USDT from the Ethereum chain, then you must give them an Ethereum USDT address. If they send the USDT to the Solana chain, then it's lost. You will be able to see the transaction, but you can't get the money.

That seems crazy that the crypto is lost if it is sent on the wrong Tether chain for example. That is what really scares me about this crypto.

[raiders72001]

Most of the time books send USDT on the ETH chain.

[raiders72001]

Ok Raiders , Thanks for all the info. When you say the proper chain, do you just mean a chain that is available at the destination exchange ?

I also need to withdraw from BetNow and DSI. I don't believe they have USDT available for withdraw however I will confirm. I will most likely need to use another crypto. I know they have bitcoin available. Would you recommend a withdraw from these two other books with bitcoin if USDT not available or is another crypto a better option with those other two books?

I took a quick look. Tether is USDT so you may be able to withdraw USDT from BetNOW. For DSI if you want a crypto withdrawal it will be in BTC and they charge $10. So it looks like

BetNow- withdraw in USDT if available, if not BTC.
DSI - withdraw in BTC for $10 fee.

To give a little background on chains. There are different chains such as Ethereum, Solana, Cardano. On each chain, there are tokens built on them.

Ethereum - some tokens built on ETH are SHIB, FLOKI, LINK
Solana - BONK, WIF

USDT is on many different chains. If someone sends USDT from the Ethereum chain, then you must give them an Ethereum USDT address. If they send the USDT to the Solana chain, then it's lost. You will be able to see the transaction, but you can't get the money.

[gym rat]

Always make sure to send crypto to the proper chain.

Ok Raiders , Thanks for all the info. When you say the proper chain, do you just mean a chain that is available at the destination exchange ?

I also need to withdraw from BetNow and DSI. I don't believe they have USDT available for withdraw however I will confirm. I will most likely need to use another crypto. I know they have bitcoin available. Would you recommend a withdraw from these two other books with bitcoin if USDT not available or is another crypto a better option with those other two books?

[raiders72001]

Always make sure to send crypto to the proper chain.

[raiders72001]

Coinbase only uses USDT (ERC20)

[raiders72001]

BOL sends USDT (ERC20)

[raiders72001]

I just watched the video. The video guy shows USDT Tether . So I should basically receive 1 to 1 from Betonline for USDT ? What exactly do you mean to use the right chain such as ethereum? Do you mean that I should not withdraw from Betonline directly to CoinBase ?

Yes, USDT should be 1 to 1 on BOL.

In the Binance picture, it shows the chains that USDT can be sent on. Although USDT on the ethereum chain (ERC20) isn't available at Binance now. BOL sends USDT (ERC20) so it can't be sent to Binance.

Coinbase only uses USDT (ERC20) so you can send USDT to Coinbase.